$2,795,000

296 & 288 Highland Ave, SALEM, SALEM, MA 01970

0Beds
-Baths
5,483Sq Ft
1950Built
HomeType

About this home

Exceptional investment / redevelopment opportunity with outstanding visibility on busy Highland Ave. The property is approved for AUTO BODY USE -a highly sought-after & difficult-to-obtainThe primary retail parcel features a 4,488 SF automotive facility equipped with 6 service bays, 4 lifts, showroom space, manager’s office, parts & stock rooms, customer waiting area, security system. Also included are approximately 12 acres of residential land located behind the main commercial site, offering significant future development potential.The second parcel includes a small residential structure situated on commercially zoned land, presenting excellent redevelopment possibilities. Strategically located alongside major national retailers and traffic generators w/ more than 35,000 vehicles per day.This property is also being offered for lease. Automotive facility (296 Highland Ave) is $15,000 per month modified gross. Add the residential home in for $20,000 per month.

Property details

MLS #
73517059
Property type
Home
Year built
1950
Interior
5,483 ft2
Status
Active
Listed by
Boston Realty

Listed 3 days ago

Facts & features

Listing
For sale
MLS #
73517059

Location

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Nearby

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